The whales.
If the whales sell a big volume, the price will crash. If the whales buy a big volume, the price will be to the moon.
So the BTC price is control by the whales.
Topic: What determines bitcoin’s price? (Read 212 times)
What determines bitcoin’s price?
What determines bitcoin prices is market demand. If a lot of bitcoin demand will increase in price, and if many are selling bitcoin will decrease.
What determines bitcoin’s price?
Bitcoin prices are dependent on supply and demand. Bitcoins are also heavily influenced by some countries that allow bitcoin trading. As the past time, bitcoin prices have fallen due to China and Korea are planning to close bitcoin trading in the country. Today prices have risen, due to the Korean policy changes, the policy does not allow foreigners to trade in the domestic bitcoin trading. Wish you soon earn more bitcoin.
The collective rise and fall of other cryptocurrency coins can also affect Bitcoin prices and vice-versa. Just a few weeks ago, some coin prices dropped because there was a significant fall in Bitcoin prices.
Basically supply and demand, but it goes a lot deeper with Bitcoin. Miners will drop off if the difficulty is too high and they have to use too much power to mine. At the same time, a surge in price can cause difficulty to go up because more miners hope on to take advantage of the higher profits. It's all over the place.
The community of buyers, sellers, and exchanges that the two sides of each group are on. Some exchanges may show higher prices than others, but an average price is always present and is usually close (with the exchanges that are easily arbitraged)
Nothing to insane, it's like anything else securities-related.
Nothing to insane, it's like anything else securities-related.
I think another factor is the investors and the behavior of the miners on exchanging their bitcoins to other coins. In addition, i think keeping coins make the price of bitcoin drop because it affects the circulation of the coins in the community. Also, how the community accept and recognize bitcoin affects the price too.
If you can figure that one out you’re my hero. I’ve been mining, buying and selling btc for seven years and I can name at least 20 things that act on the btc/usd exchange rate but how much and when is still a mystery to me.
The value of the bitcoin depends on the exchange between the buyer and the seller. It is also affected by some countries. about the legitimacy of their country. Value always fluctuates, so the value goes up and down is normal. We can take advantage of this to make a profit
Bitcoin live on trust of community, it dont produce anything.
Bitcoin price determined only by demand, simple market rules.
Bitcoin price determined only by demand, simple market rules.
What determines bitcoin’s price?
A lot of bitcoin price are considered to be in a whole lot of factors. Depending on how many users are currently involved how many establishments are pouring in and looking at it to integrate them, the level of acceptance in which they are in by other countries and the projected atats it might hold out in the next few years or in the short term of a few months
By a lot of people, holders, potential investors, as well as some news media, various public opinions and news, all kinds of reasons will be affected. But I think the most important thing is that we are bitcoin attitude, when we think it will rise, everyone is looking forward to, then I think bitcoin will certainly rise.
Well, we know price bitcoin is absolutely determined by supply and demand. If many people are buy bitcoin, then bitcoin prices will go up, and if many people want to sell bitcoin then bitcoin prices will go down. But to determine someone who will buy and people who will sell bitcoin there are several reasons. That's bitcoin is a digital currency that is not so well known by the wider community. So many media will search for the latest information from the world of cryptocurrency. With the presence of bitcoin in this world there are some responses from some societies there is a pro against bitcoin as for the contra to bitcoin. This is what determines the rise and fall bitcoin prices, for example Nasdaq will start cooperation with bitcoin then what happens at bitcoin prices will rise because people will buy it, otherwise if there is negative news like china will ban bitcoin then the price will go down.
The community of buyers, sellers, and exchanges that the two sides of each group are on. Some exchanges may show higher prices than others, but an average price is always present and is usually close (with the exchanges that are easily arbitraged)
Nothing to insane, it's like anything else securities-related.
Nothing to insane, it's like anything else securities-related.
What determines bitcoin’s price?
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